Brookfield Reinsurance (NYSE:BNRE) Reaches New 1-Year High at $43.12

Brookfield Reinsurance Ltd. (NYSE:BNRE)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $43.12 and last traded at $43.06, with a volume of 1125 shares. The stock had previously closed at $42.61.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Brookfield Reinsurance from a “c+” rating to a “b-” rating in a research note on Friday, February 2nd.

Brookfield Reinsurance Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $6.36 billion, a P/E ratio of 154.96 and a beta of 1.55. The business has a 50-day moving average price of $40.83 and a 200 day moving average price of $38.30.

Brookfield Reinsurance (NYSE:BNRE) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.07 earnings per share for the quarter. Brookfield Reinsurance had a net margin of 0.07% and a return on equity of 0.14%. The business had revenue of $2.33 billion for the quarter.

Brookfield Reinsurance Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.73%. This is a positive change from Brookfield Reinsurance’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, March 12th. Brookfield Reinsurance’s payout ratio is presently 114.29%.

Institutional Investors Weigh In On Brookfield Reinsurance

Institutional investors have recently added to or reduced their stakes in the business. Whittier Trust Co. purchased a new position in shares of Brookfield Reinsurance during the 3rd quarter valued at approximately $138,000. Montrusco Bolton Investments Inc. grew its holdings in shares of Brookfield Reinsurance by 85.1% in the third quarter. Montrusco Bolton Investments Inc. now owns 235,797 shares of the company’s stock valued at $7,404,000 after purchasing an additional 108,404 shares during the period. CI Investments Inc. lifted its stake in shares of Brookfield Reinsurance by 12.0% in the 3rd quarter. CI Investments Inc. now owns 178,792 shares of the company’s stock valued at $5,627,000 after purchasing an additional 19,200 shares during the last quarter. Toronto Dominion Bank increased its holdings in Brookfield Reinsurance by 335.9% in the 3rd quarter. Toronto Dominion Bank now owns 1,578 shares of the company’s stock valued at $50,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Cowen AND Company LLC grew its holdings in shares of Brookfield Reinsurance by 29.1% in the fourth quarter. Cowen AND Company LLC now owns 49,885 shares of the company’s stock valued at $2,014,000 after purchasing an additional 11,252 shares in the last quarter. Institutional investors and hedge funds own 7.19% of the company’s stock.

Brookfield Reinsurance Company Profile

Brookfield Reinsurance Ltd., through its subsidiaries, provides insurance and reinsurance services to individuals and institutions in the United States, Canada, and internationally. The company operates in three segments: Direct Insurance, Reinsurance, and Pension Risk Transfer (PRT). The Direct Insurance segment offers a range of insurance products and services including Whole, Universal, Variable Universal, and Credit Life insurance products; deferred, single premium immediate, and variable annuities; primary and excess casualty products, such as specialty casualty, construction defect, general liability, commercial multi-peril, workers compensation, product liability, environmental liability, and auto liability; professional liability including management, transaction, and errors and omissions liability; property insurance for homeowners and renters, inland marine, and auto physical damages; surety, animal mortality, and ocean marine insurance; and health insurance, credit insurance, and pension products.